Tom Siebel, CEO of the artificial intelligence firm C3.ai.Courtesy C3.ai
The hottest AI stocks from earlier in 2023 have fallen in recent weeks.
Insider looked at 10 of the top AI stocks and found that many are in correction territory.
Saying ‘AI’ during an earnings conference call has lost its allure among some investors.
You can only say “AI” so many times on an earnings conference calls before investors start to tune out.
In recent days, some of the hottest AI stocks of 2023 have entered correction territory. That’s when shares fall 10% from a recent peak.
Insider took a look at 10 of the hottest AI stocks from earlier this year and analyzed how they’ve performed since peaking. The declines ranged from a loss of 2.3% to a slump of 29%, based on the close of trading Aug. 9. Five of the 10 have lost more than 10%.
This could be a short-term blip, or a reaction to higher long-term interest rates, which can depress high-growth tech stocks. Or, it could be a sign that investors are getting…
2023-08-11 19:14:01
Post from finance.yahoo.com